Profitable Restaurant & Nightclub On The Cape
Location Massachusetts,United States
Asking Price Range $250K - $500K
Gross Revenues $1200000
Net Profit / Cash Flow $140000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Yes
Year Established 1963
Number of Employees 10 - 19
Inventory 60000
Relocatable No
Number of Employees 10 - 19
Real Estate Leased
Training Yes.
Reason for Sale Other interests.
Description Prime Location on the Cape. Picturesque restaurant and bar for sale with outdoor seating and attached Nightclub. This is a great investment to cash flow opportunity that is priced to sell. The business is currently being run by a part time owner. Sales and the bottom line could be grown quickly with an experienced operator. This is a must see opportunity that will not last.
Facility: Beautifully restored historic building in prime location. The facility consists of modern bar and dining areas, a connected VIP Lounge/Nightclub and beautiful outdoor patio seating.
Condition: The restaurant and nightclub are in very good condition
Parking: On street parking & Public Lots
Capacity: The capacity of the facility 315
Size: 6,600 square feet
Licenses: Full Liquor, Entertainment and Common Victullars.
Rent: $9,500 plus NNN
Lease: Five (5) years remaining additional options are available
Sales: Approximately $1,300,000 (65% Alcohol to 35% Food ratio)
Cash Flow: Approximately $140,000 per year
Asking Price: $275,000
For More information please email or call Corbett Restaurant Group 617-948-3394.
Click Here To Contact Seller
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